Nifty respects channel lows, fills gap, buy dips with SL 9600
Nifty has been moving in a channel, and has today respected and held on to channel lows. Moreover it has filled the previous gap at 9600, which is also a good sign. One can choose to use dips towards 9750-9800 to go long with SL 9600.
Trade active
As expected, Nifty came down to ~9750 levels, the lower end of Channel, and is holding the levels and bouncing back. Good entry for Longs for Target 10050-10100Trade closed: target reached
Given a good 400+ points move, Book profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.